Terming it as a “virtual consolidation” in the highly-competitive telecom space, Anil Ambani said his group firm RCom is tying up ‘trading and sharing’ of spectrum with Mukesh Ambani-led Reliance Jio including for the much-awaited 4G services. Addressing shareholders at the Annual General Meeting, Reliance Communications Chairman also said he was “grateful” to his elder brother for “unstinted... 

Fibre optic network will be shared between two big rival companies like Reliance Communication owned by Anil Ambani whereas Reliance Industries owned by Mukesh Ambani. 12 billion rupees payment will be given to Anil Ambani’s RCom for using its resources from Mukesh Ambani’s Reliance Industries. As we know Reliance Industries has won 4G airwaves in pan over India but its most valuable business still...